Mindanao Daily Northmin (June 26, 2015)

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P12 daily wage hike takes effect next week: RTWPB Volume IV, No. 033 web portal: www.mindanaodailynews.com

Fri-Sun

June 26-28, 2015

P15.00

A1

By URIEL C. QUILINGUING, Contributing Editor

Filinvest One Oasis CDO tops off Building 1

A 12-peso across-the-board daily wage increase for workers in private firms in Northern Mindanao will take effect on July 4 this year, according to the Regional Wage and Productivity Board (RTWPB). See FULL STORY, page A5

By MIKE BAÑOS Contributing Editor

Orochamber’s quarterly meeting slated today in Oro THE members of the influential Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Orochamber) will converge today (June 26, 2015) at the Pryce Plaza Hotel in Cagayan de Oro City for its second quarter general membership meeting. Registration and cocktails will start at 5:30 p.m.

while the program proper will start at 6 in the afternoon. Orochamber President Engr. Cerael C. Donggay has invited Undersecretary Zenaida C. Maglaya to be the guest speaker of the event. Maglaya is undersecretary for Regional OfSee MEETING, page A8

Filinvest Homes Butuan Amenity Blessing last June 20, 2015 at Km 3 Barangay Baan, Butuan City with (from left) Agnes H. Batad, Sales Officer, Metrobank; Rev. Fr. Juliano Ong; Rachelle Marie Ong, FHB Branch Manager; Julius S. Ventura (Senior Customer Relations Officer, RCBC and Maria Arabelle Solidum , Area General Manager FLINorthmin. Photo supplied

Low expenses, high income Last of two parts

By BONG D. FABE Contributing Editor

Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.

THE 60-year-old Paulino Soriano Jr. said that he likes farming tobacco leaf because his production expenses is much lower but his income is much, much higher com-

pared with farming other cash crops. Aside from tobacco, Soriano is also cultivating corn/maize. His income from a hectare of corn/ maize is PhP50,000 but his expenses is PhP25,000. He said his income from tobacco is way, way higher

than any other crops. “I spent PhP14,000 for farm inputs in my half-hectare land of tobacco plants. But my income from the sale of the tobacco leaf reached P60,000,” said one of the pioneer tobacco farmer here. “I was not able to generate See income, page A11

AS promised, Filinvest One Oasis Cagayan de Oro remains on track as the first to finish among condominiums now under construction downtown. One Oasis CDO, the very first resort-themed, mid-rise condo development of Filinvest in Cagayan de Oro City, has set the topping off ceremony for its Building 1, the first of five in the Asian-Balinese inspired 2.7-hectare complex in Rosario Limketkai Avenue, Lapasan, Cagayan de Oro City this Saturday, 27 June 2015. Mayor Oscar S. Moreno and his wife Arlene, honorary chair of the Cagayan de Oro City Tourism Board, have been invited to grace the topping off ceremony.In building construction, topping off (sometimes referred to as topping out) is a builders’ rite traditionally held when the last component is placed atop a structure See FILINVEST, page A11


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